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abc news reporter has more from washington, d.c.. >> called the dream liner, boeing 787. and it has the most cutting edge technology in the sky. but recent incidents raised warning flags. officials announced a comprehensive review. critical systems of the aircraft including design, manufacturing, and assembly. >> boeing's newest aircraft, dream liner remains on electrical signals. it is made with carbon fiber instead after lum anymore allowing to it get better fuel mileage. officials insisted the plane is safe but in last week, significant causes for pmp three foot long crack in the cockpit wind yof a 76 767 -- 787 flying in japan. also, this week a boston to tokyo flight delayed due to a fuel leak but if issues with the systems raised most concern. >> it's a very good battery. we're not sure what happened witness. >> some said a big issue for boeing is that it outsourced more manufacturing process than it had for other parts of the fleet. >> these are not an issue of the out sourcing. >> during a review, dream liner can continue to fly. >> we believe this is a safe aircr
abc news reporter has more from washington, d.c.. >> called the dream liner, boeing 787. and it has the most cutting edge technology in the sky. but recent incidents raised warning flags. officials announced a comprehensive review. critical systems of the aircraft including design, manufacturing, and assembly. >> boeing's newest aircraft, dream liner remains on electrical signals. it is made with carbon fiber instead after lum anymore allowing to it get better fuel mileage....
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Jan 10, 2013
01/13
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has to renegotiate with boeing. it is reported that boeing bid they bid very competitively to get that contract. do you think we're in a good position to maintain such a competitive price or is boeing going to walk out in a better position perhaps not losing money on the contract anymore. there are some areas that it is going to be bad for d.o.d. if they have to receiver -- sequester these accounts. >> so the short term is on them. probably be a severe cut back in training and that sort of thing? >> some of the options you have to look at if you have live fire training exercises scheduled for the remainder of the year you can delay it to the next fiscal year. if you have major main tins of systems that you were set to begin you can delay that into the beginning of the next fiscal year. you can do a lot of delaying and you can get away with that perhaps in one year. but now you have a backlog building next year. if think stays in effect you have less funding the year after that so the backlog starts to build. it will
has to renegotiate with boeing. it is reported that boeing bid they bid very competitively to get that contract. do you think we're in a good position to maintain such a competitive price or is boeing going to walk out in a better position perhaps not losing money on the contract anymore. there are some areas that it is going to be bad for d.o.d. if they have to receiver -- sequester these accounts. >> so the short term is on them. probably be a severe cut back in training and that sort...
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Jan 12, 2013
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stuck 2 1/2% on friday and boeing, i'm sorry, the f.a.a. investigation we've got to see, really will be far reaching much more than people realize and focus on the electronic distribution and the mechanic systems and how they interact and it will go much further than that. one analyst was saying, boeing is more exposed than normal, because something else could come up as a result of it. and that could affect the company negatively. but the second analyst said maybe it could help lift the tarnished reputation that boeing has. it's rough around these parts for year and passengers also very concern, really, about getting on board the plane, because it's been a new plane and a lot of passengers and the range of the plane could actually take passengers, and maybe really given it the commercial appeal that boeing hopes it would have. all in all. both passengers and the company and of course the economy, jobs, could be affected in here, it's a massive issue, kelly, back to you. >> that's quite a bit. dominic di-natale. thank you. >> jamie: stay aw
stuck 2 1/2% on friday and boeing, i'm sorry, the f.a.a. investigation we've got to see, really will be far reaching much more than people realize and focus on the electronic distribution and the mechanic systems and how they interact and it will go much further than that. one analyst was saying, boeing is more exposed than normal, because something else could come up as a result of it. and that could affect the company negatively. but the second analyst said maybe it could help lift the...
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Jan 12, 2013
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this one here, they seem to be coming all at once. >> boeing is used to winning. it is america's biggest exporter. in many ways, america's most important company. a symbol of national pride. with a federal review of its plane, the future of boeing's signature aircraft is in jeopardy. erin? >> thanks very much to sandra. >>> prosecutors say a tv host prayed on hundreds of victims, children. >>> the man who allegedly massacred moviegoers in colorado. his lawyers say he is mentally ill. that could mean one day he is walking free. >> i'm a little passion nat about this. i don't want to see this guy get out on the streets because my son is already dead. 1-800-345-20 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking
this one here, they seem to be coming all at once. >> boeing is used to winning. it is america's biggest exporter. in many ways, america's most important company. a symbol of national pride. with a federal review of its plane, the future of boeing's signature aircraft is in jeopardy. erin? >> thanks very much to sandra. >>> prosecutors say a tv host prayed on hundreds of victims, children. >>> the man who allegedly massacred moviegoers in colorado. his lawyers say...
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Jan 11, 2013
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but, boy, this is an embarrassing week for boeing. make sure you watch us for more in depth coverage. tune into "your money" saturday 1:00 p.m. eastern, sunday, 3:00 p.m. eastern. that's it for me. same time on monday. i'm out. . >>> weather in australia. it's known for being extreme. we have been telling you about those fires that is still burning through the country's southeast but now we have this. take a look at these amazing pictures. on the western side of australia. there's a huge red wall of dust caused by a cyclone. chad myers is here, as always, to walk us through pictures of this. it was caused by the kite clone but the kite clone was far away? >> yes, the cyclone, typhoon, hurricane, same thing but different ocean. different direction because it's in the southern hemisphere. irrelevant. on the outside, the outer bands that we talk about, one had a pretty good thunderstorm and one thunderstorm put down this gust front that we call that. and the gust front just blue all of blew this dust into the sky. the dirt is red. just l
but, boy, this is an embarrassing week for boeing. make sure you watch us for more in depth coverage. tune into "your money" saturday 1:00 p.m. eastern, sunday, 3:00 p.m. eastern. that's it for me. same time on monday. i'm out. . >>> weather in australia. it's known for being extreme. we have been telling you about those fires that is still burning through the country's southeast but now we have this. take a look at these amazing pictures. on the western side of australia....
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Jan 12, 2013
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. >> boeing's dreamliner was for years just that. a plane made of plastic, a fuel sipper with huge windows, big seats, the plane of the future. >> it was supposed to be, you know, the best thing since sliced bread. >> but a totally new plane run almost entirely by electronics didn't just push the limits and change aviation, it created a whole new learning curve for the industry. the dreamliner was delayed and struggled from day one. the first dreamliner delivered in 2011 was three years behind schedule. the 787's maiden flight was touted in 2007. but after four years of troubling delays, its first flight finally took off on an overcast day in seattle. at first, airlines fell in love. 57 companies ordered the dreamliner at a cost of more than $200 million each. but the plane is struggling, just this week, a fire, a fuel leak, an electrical malfunction and a cracked cockpit window were found on different dreamliners. the faa is now reviewing the plane's certification. >> there've been no common denominator between the incidents, so it
. >> boeing's dreamliner was for years just that. a plane made of plastic, a fuel sipper with huge windows, big seats, the plane of the future. >> it was supposed to be, you know, the best thing since sliced bread. >> but a totally new plane run almost entirely by electronics didn't just push the limits and change aviation, it created a whole new learning curve for the industry. the dreamliner was delayed and struggled from day one. the first dreamliner delivered in 2011 was...
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Jan 12, 2013
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but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it remains to be seen what the faa comes up with. to some extent the faa is, indeed, reacting to public pressure and public concerns and so i'm not sure that the faa officials themselves at this point really know what direction they want to head in. they are going to look at the data and that could take i would say several months, at least. >> andy pasztor from the "the wall street journal", thank you. >> thank you. >> brown: this week provided a glimpse of the latest in technology and high-end gadgets at the annual consumer electronics show, which wrapped up today in las
but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it...
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Jan 11, 2013
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>>> plus just hours from now boeings dream liner will begin its service from san jose. but we have breaking news about the safety of that jet. all ahead on ktvu channel 2 morning news. >>> good morning. welcome to friday it's january 11th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. steve paulson is here. definitely cold. freeze warning all day? >> it's cold enough. no doubt about it. another day we could get up pop up showers again. little system coming into the northern part of the state. you can see that. again it favors areas to the west. upper 40s and low 50s. >>> good morning. we're looking at a live picture of eastbound interstate 80 where the lanes are clear here on 80. but a little after 3:00 this morning was much different story. a car hit the center divider near the ashby avenue exit and spun out. it was broadsided by an on coming car. two other cars were tangled up in the crash. the driver of the first car was a man. we're waiting to hear the extent of his injuries. one thing we do know it took awhile for this to clear up. more
>>> plus just hours from now boeings dream liner will begin its service from san jose. but we have breaking news about the safety of that jet. all ahead on ktvu channel 2 morning news. >>> good morning. welcome to friday it's january 11th i'm dave clark. >> and i'm pam cook. thank you for joining us this morning. steve paulson is here. definitely cold. freeze warning all day? >> it's cold enough. no doubt about it. another day we could get up pop up showers again....
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Jan 11, 2013
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as a company boeing remains very profitable. it has about $20 billion on hand and 4200 airplanes on back order but, it could be facing some labor problems as well. negotiations with its engineers have stalled and a strike vote we are told could come as early as next week, bill? bill: dan, something to watch. the hearing continues or rather the statement continues in washington. dan spring in seattle. a bit more context on boeing and its dreamliner. more than 800 are on order by 58 customers. the plane's wingspan tops 197 feet. that is 2/3 of a football field. a look at boeing last year delivered a total of 601 overall. that is the most since 1999 and the first time in a decade that it surpassed airbus in deliveries. 36 past the hour. martha: back to politics now. long-time democratic congressman charlie rangel is criticizing president obama for a lack of diversity in his cabinet nominations. here is charlie rangel's quote. it is embarrassing as hell. we were all this with mitt romney and we were very hard on mitt romney and bind
as a company boeing remains very profitable. it has about $20 billion on hand and 4200 airplanes on back order but, it could be facing some labor problems as well. negotiations with its engineers have stalled and a strike vote we are told could come as early as next week, bill? bill: dan, something to watch. the hearing continues or rather the statement continues in washington. dan spring in seattle. a bit more context on boeing and its dreamliner. more than 800 are on order by 58 customers....
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the faa will be holding a news conference to launch a major review of the boeing 787 boeing dream liner. this week there were numerous problems reported with the aircraft. one flight had to be canceled because of brake lines with the plane. on monday a dream liner operated by japan airlines had an electrical fire broke out in its battery. this has spark concerns and put a damper on the air sport here. >> i think the more convenient international flights we have here locally is great. i love that. i don't like to have to drive to sfo. so that is good for me. >> reporter: nan will be flying to tokyo five days a week. it's the first direct flight from san jose to asia in six years. it's also the first airport in the bay area to have this dream liner that has been touted as technologically advanced and fuel efficient. coming up later in the morning the media is supposed to be giving a tour of the aircraft. there will be several transportation officials as well as people from ana. we plan on asking them about the latest development. reporting live from san jose janine de la vega. >>> vice pr
the faa will be holding a news conference to launch a major review of the boeing 787 boeing dream liner. this week there were numerous problems reported with the aircraft. one flight had to be canceled because of brake lines with the plane. on monday a dream liner operated by japan airlines had an electrical fire broke out in its battery. this has spark concerns and put a damper on the air sport here. >> i think the more convenient international flights we have here locally is great. i...
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Jan 9, 2013
01/13
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boeing stock is taking a hit. jeri will list is the host of the business report on the fox business network and skwroeupbgs us now. >> reporter: the stock fell 3% yesterday, it's up today as people take in the news about the dreamliner. it is a critical product for boeing. they put a lot of money into it. it's technologically advanced made out of lightweight carbon fiber, it's supposed to save on fuel costs over time. they have 800 orders for these airplanes. as you know japan airlines has taken a couple of them here. united continental has taken delivery of these planes. they've delivered 49 of these planes. it's important to note here why there are questions about these planes, nobody has canceled an order for them yet. they are expecting at boeing for this to be the next big product for them. however, production delays, design problems have plagued the production of this very important phra*eufpb for th plane for the company. just last month the faa put out a directive to airline who had bought this thing sayin
boeing stock is taking a hit. jeri will list is the host of the business report on the fox business network and skwroeupbgs us now. >> reporter: the stock fell 3% yesterday, it's up today as people take in the news about the dreamliner. it is a critical product for boeing. they put a lot of money into it. it's technologically advanced made out of lightweight carbon fiber, it's supposed to save on fuel costs over time. they have 800 orders for these airplanes. as you know japan airlines...
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boeing will have to continue to reassure the public and the airlines that have bought and ordered these planes that they are safe and reliable. analysts say every plane has what they call birthing issues that get ironed out by tweaking a design or changing some production. but a fire is always a major concern, and the 787 requires a lot more power to be generated onboard than any other plane ever made. so the electrical system is more heavily taxed and critical to the operation. boeing's stock is down slightly today, about 2.5% at last check, but the company as a whole is very profitable. sales are strong, they have $20 billion in cash on hand. but the 787 is a huge investment and may not break even for many years to come. and, of course, if they don't iron out these problems, a lot locker. jon: dan springer, thank you. jenna: the vice president is reaching out today to representatives of the video game industry for ideas on how to reduce gun violence. this is the day after he met with members of the nra. they were not very happy with the outcome or the tone of the meeting, the nra sayi
boeing will have to continue to reassure the public and the airlines that have bought and ordered these planes that they are safe and reliable. analysts say every plane has what they call birthing issues that get ironed out by tweaking a design or changing some production. but a fire is always a major concern, and the 787 requires a lot more power to be generated onboard than any other plane ever made. so the electrical system is more heavily taxed and critical to the operation. boeing's stock...
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Jan 11, 2013
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lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acr
lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at...
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. >>> a troubling week for boeing after problems surface in several of its 787 dreamliner planes. little bit later on in this hour, the faa will announce an investigation. >>> 13 minutes past the hour. the man accused of killing 12 people inside a colorado theater last summer could enter a plea this morning at his scheduleed arainment. colorado judge ruled there is enough evidence for james holmes to stand trial on all 166 counts including first-degree murder. >>> planned parenthood in texas heads to court today, the group wants a federal judge to allow it to be part of the state's revamped women's health program under a new state law texas noening loer funds women's health clinics affiliated with abortion. that state law disqualifies texas from getting federal money for women's health and since federal money makes up a huge chunk of planned parenthood's budget the law effectively shuts down all the group's work in the state. >>> ford says it's adding 2,200 white collar jobs in the united states this year, that's the automaker's biggest hiring in a decade. spokesman says a signifi
. >>> a troubling week for boeing after problems surface in several of its 787 dreamliner planes. little bit later on in this hour, the faa will announce an investigation. >>> 13 minutes past the hour. the man accused of killing 12 people inside a colorado theater last summer could enter a plea this morning at his scheduleed arainment. colorado judge ruled there is enough evidence for james holmes to stand trial on all 166 counts including first-degree murder. >>>...
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. >>> mechanical problems keep rolling in for boeing's 787 dreamliner. >> more like a nightmare. three of boeing's brand new planes suffered a slue of issues. >> fire and leaking fuel. >> error message related to the plane's braking system. >> all these little glitches that boeing says they are, or is there something else that's happening? >> reporter: nope. boeing says just growing pains. but airlines are growing impatient. >> they have a quality problem. and this quality problem should be resolved. >> reporter: speaking of problems. >> wow, i tell you quarterbacks, you get all the good-looking women. what a beautiful woman. >> wow! >> whoa! >> reporter: that's legendary sportscaster brent musberger oozing over the 23-year-old girlfriend of the alabama quarterback. >> musberger, chill out, baby. >> some thought it was creepy, but not the beautiful woman herself. >> the fact that he said we were beautiful and gorgeous, i don't see why any woman wouldn't be flattered by that. >> reporter: while we're talking sports, this year's hall of famers for baseball are -- no one. well, thre
. >>> mechanical problems keep rolling in for boeing's 787 dreamliner. >> more like a nightmare. three of boeing's brand new planes suffered a slue of issues. >> fire and leaking fuel. >> error message related to the plane's braking system. >> all these little glitches that boeing says they are, or is there something else that's happening? >> reporter: nope. boeing says just growing pains. but airlines are growing impatient. >> they have a quality...
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but also clearly big deal for boeing itself. these scares called into question not just the jet liner's design, but also quality control in boeing's manufacturing processes. the faa investigation is underway, could be a setback for the company given boeing's had mixed fortunes in recent years. the probe can often uncover many other problems. not good news all around. the 787 is too important to u.s. jobs and export to be ignored and the company's stock took a hit as a result, down 2 1/2%. i think we can show awe graph there. you can see how rough the past few years. we'll give you an idea how it might affect the company longer term. here is the maker of europe's air bus, the rival. the dips that collate with the super jumbo. every time you see a dip, that relates to the problems. is that going to play out for boeing as the problems crop up during the investigation? let's take a brief step back, the problem at boeing is really that they have with the dreamliner is what we saw when they launched the triple 7. the triple 7 now is r
but also clearly big deal for boeing itself. these scares called into question not just the jet liner's design, but also quality control in boeing's manufacturing processes. the faa investigation is underway, could be a setback for the company given boeing's had mixed fortunes in recent years. the probe can often uncover many other problems. not good news all around. the 787 is too important to u.s. jobs and export to be ignored and the company's stock took a hit as a result, down 2 1/2%. i...
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Jan 12, 2013
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>> the dreamliner was supposed to be boeing's sort of phoenix rising. it really was this plane that was going to be this great thing. rolled out in 2011. in the last week, it's been wrought with problems. it's kept these airplanes, these 787s grounded. the faa will go in and investigate the electronic components because of the fuel efficiency, made with lighter materials, but relies on the electronic components. bowing is opening up their airplanes to be investigated. saying the same thing, that they are completely safe. it remains to be seen what reports will say. >>> new survey says a third of the universities out there expect tuition to either decline or grow slower than inflation. should parents start celebrating that? >> analysts say don't open up the champagne just yet. the reason why, because of the economic uncertainty, and in job uncertainty, people -- students especially, less interested in four-year colleges, tuition rise 2.6% to 2.7%, less than the everyone 6.7% it usually goes up. but analysts say because tuition is only going up a very sma
>> the dreamliner was supposed to be boeing's sort of phoenix rising. it really was this plane that was going to be this great thing. rolled out in 2011. in the last week, it's been wrought with problems. it's kept these airplanes, these 787s grounded. the faa will go in and investigate the electronic components because of the fuel efficiency, made with lighter materials, but relies on the electronic components. bowing is opening up their airplanes to be investigated. saying the same...
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Jan 5, 2013
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. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. nothing says bipartisan cooperation like ringing in the new year by counting down to a midnight vote to raise taxes. by the time the fiscal cliff drama drew its only temporary conclusion this week, speaker boehner was pledging not to negotiate with president obama, president obama was promising not to negotiate over the debt limit, and vice president biden seemed like the only one left in a good mood. >> public service was never meant to be an easy living. extraordinary challenges demand extraordinary leadership. so if you've come here to see your name in the lights or to pass off a political victory as some accomplishment, you've come to the wrong place. the door is right behind you. >> i think most of our members, and we are never unan
. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. nothing says bipartisan cooperation like ringing in the new year by counting down to a midnight vote to raise taxes. by the time the fiscal cliff drama...
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the faa is saying it will team up with boeing engineers to launch a top revee of the issues plaguing the 787 dreamliners. it experienced a handful of mishaps. ray la hood says the planes are safe and he would fly on a 787. >>> kate middleton said her first official portrait is amazing and it was unveiled today. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. when you lost the thing you can't believe you lost.. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid card. spends like cash. feels like membership. >>> today, emp
the faa is saying it will team up with boeing engineers to launch a top revee of the issues plaguing the 787 dreamliners. it experienced a handful of mishaps. ray la hood says the planes are safe and he would fly on a 787. >>> kate middleton said her first official portrait is amazing and it was unveiled today. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global...
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Jan 11, 2013
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the problem is that boeing has 800 of these things on order. so that's where the problem starts coming in if people say, yeah, i don't really want this plane. but i will tell you this, plane is fascinating. the dream liner is more highly pressurized than a normal plane because it's made of composite materials which means it feels more like earth which means you don't feel the effects of flying as much, it's humidified, lighting control, comfortable, quiet, fuel efficient. so people have bought this plane and haven't taken orders, they want this to work. and new plane introductions do take a long time. it does take a couple of years. the problem with this one is it was just mired in problems for so long that more problems make it that much more troublesome. >> and if you get a bunch in a week, it will have an impact. ali, always good to chat. looking dapper at always. >> thank you, sir. >>> we have news coming into us, the venezuelan vice president, ma maduro, he's heading to havana in a few hours to see chavez. chavez missed his will inaugurati
the problem is that boeing has 800 of these things on order. so that's where the problem starts coming in if people say, yeah, i don't really want this plane. but i will tell you this, plane is fascinating. the dream liner is more highly pressurized than a normal plane because it's made of composite materials which means it feels more like earth which means you don't feel the effects of flying as much, it's humidified, lighting control, comfortable, quiet, fuel efficient. so people have bought...
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. >>> the faa has ordered a co comprehensive review in boeing's 747 dreamliner after a fire and fuel leak happened on two of its jets. a body of a million dollar lottery winner who was poisoned after collecting his payout. now, back to "hardball." >>> welcome back to "hardball." the war in afghanistan, which we've been fighting now for over 11 years, has taken a huge toll. more than 2,000 americans have been killed, thousands more seriously wounded, severely wounded. it's cost us more than $500 billion so far. well, today after meeting with afghan president hamid karzai in the white house, president obama made it clear the war is ending, the american war. and it's ending sooner than was previously planned. let's listen. >> let me say it as plainly as i can, starting this spring, our troops will have a different mission, training, advising, assisting afghan forces. make no mistake, our path is clear, and we are moving forward. every day more afghans are stepping up and taking responsibility for their own security, and as they do, our troops will come home. and next year this long war
. >>> the faa has ordered a co comprehensive review in boeing's 747 dreamliner after a fire and fuel leak happened on two of its jets. a body of a million dollar lottery winner who was poisoned after collecting his payout. now, back to "hardball." >>> welcome back to "hardball." the war in afghanistan, which we've been fighting now for over 11 years, has taken a huge toll. more than 2,000 americans have been killed, thousands more seriously wounded,...
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something boeing is going to be very, very nervous about. all right, the political tug of war, between the president and the u.s. chamber of commerce has come to exemplify what you might call this administration's love-hate relationship with big business. and it's our deep dive today, a relationship that will be tested again in the upcoming battle over spending and the debt and the debt ceiling. today that deep dive into the battle between these two political heavy weights. the seeds of conflict, if you will, were planted early. president obama has been targeting lobbying groups like the chamber since the day he announced his white house run. >> they write the checks, you get stuck with the bill. they get the access while you get to write a letter. they think they own this government, but we're here today to take it back. the time for that kind of politics is over. it is through. >> despite that, the relationship actually started off on a somewhat positive note. the chamber broke with republicans early on in obama's presidency and backed the
something boeing is going to be very, very nervous about. all right, the political tug of war, between the president and the u.s. chamber of commerce has come to exemplify what you might call this administration's love-hate relationship with big business. and it's our deep dive today, a relationship that will be tested again in the upcoming battle over spending and the debt and the debt ceiling. today that deep dive into the battle between these two political heavy weights. the seeds of...
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boeing. special review from the faa on the 787 dreamliner. they want to investigate the power stps of the jet. this is a big story. the 787 is boeing's new carbon fiber plane, completely new design and engineering from any plane in history, and it has had its lion's share of problems. the last couple weeks you've had fuel leaks, battery fire issues, now a cracked cockpit window in japan. that out overnight. the faa says, listen, we're going to do a special review of this jet. here's the key, though. they're not shutting the jet down. this is not an airworthiness issue. the jet will continue to fly. but it matters because so many airlines are counting on this jet with its larger fuel range to add new revenue streams for them. and if these problems continue, boeing has already faced a bit of a stock hit. some of the airlines could get hit as well, guys. a big story to continue to watch. american express laying off 5,400 workers, 8% of their work force. >> let me stop you there. yesterday we had more bad news coming out of -- >> morgan stanley.
boeing. special review from the faa on the 787 dreamliner. they want to investigate the power stps of the jet. this is a big story. the 787 is boeing's new carbon fiber plane, completely new design and engineering from any plane in history, and it has had its lion's share of problems. the last couple weeks you've had fuel leaks, battery fire issues, now a cracked cockpit window in japan. that out overnight. the faa says, listen, we're going to do a special review of this jet. here's the key,...
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it's a humiliating setback for boeing. we get the latest from correspondent tom costello. >> reporter: in san jose friday, the newest 787 dreamliner entered service for japan's nippon airways, the same airline which the same day also reported one of its 787s had developed a crack on a cockpit window. the latest in a string of embarrassments for boeing's state-of-the-art aircraft. the faa says it will conduct a thorough review of its power, electrical and battery systems. >> through it we will look for the root causes of recent events and do everything we can to ensure these events don't happen again. >> reporter: the events have been mounting. on tuesday, a japan airlines 787 had to turn back to the gate after a fuel leak spilled 40 gallons onto the runway in boston. on monday, a fire in the belly of another japan airlines 787 was traced to an auxiliary power unit lithium battery pack. in december a united 787 made an emergency landing in new orleans with an electrical problem. also in december a qatar airways was grounded
it's a humiliating setback for boeing. we get the latest from correspondent tom costello. >> reporter: in san jose friday, the newest 787 dreamliner entered service for japan's nippon airways, the same airline which the same day also reported one of its 787s had developed a crack on a cockpit window. the latest in a string of embarrassments for boeing's state-of-the-art aircraft. the faa says it will conduct a thorough review of its power, electrical and battery systems. >> through...
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any compensation will be paid by boeing, any changes that need to be taken will be paid by boeing. the price for the planes has already been set. the only people that will feel the pinch ultimately will be boeing shares. >> better to err on the side of safety. god forbid, worst case can scenario, richard, would be some sort of crash, some sort of disaster, fire on board, injuries, something along those lines. >> you have gone straight to the elegant in t elegant elephant that everyone is walking around. is it so serious that there's a real safety risk and the answer is no of course there are issues. they will be fixed but the faa says it's safe, the experts that i've spoken with say it is safe. wolf, you buy me a ticket and i'll board a dreamliner across the country. >>> bill richardson just rern returned from north korea. with a new leader, is anything any different? my conversation with bill richardson when we come back. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those da
any compensation will be paid by boeing, any changes that need to be taken will be paid by boeing. the price for the planes has already been set. the only people that will feel the pinch ultimately will be boeing shares. >> better to err on the side of safety. god forbid, worst case can scenario, richard, would be some sort of crash, some sort of disaster, fire on board, injuries, something along those lines. >> you have gone straight to the elegant in t elegant elephant that...
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the boeing dreamliner. this was the scene on the runway in boston yesterday. firefighters boarding an empty dreamliner after a fire. and today, in boston, again, on a dreamliner, 40 gallons of fuel spilling onto the runway. 178 passengers were on board. >>> and now, what's being called a slap in the face for american taxpayers. is it really possible that the insurance goliath aig may sue the u.s. government, less than five years after taxpayers saved the insurance company from bankruptcy? abc's david muir is here with the story. >> reporter: this is really something, diane. in fact, as one economist put it today, if aig sues the government now after that giant taxpayer bailout, it would be the equivalent of a patient suing their doctor for saving their life. insurance giant aig, bailed out by the american taxpayer, just days ago launching this brand new marketing campaign, with three simple words. >> thank you america. >> thank you america. >> thank you america. >> reporter: but now, after thanking america, it turns out aig might sue it. how do you say thank y
the boeing dreamliner. this was the scene on the runway in boston yesterday. firefighters boarding an empty dreamliner after a fire. and today, in boston, again, on a dreamliner, 40 gallons of fuel spilling onto the runway. 178 passengers were on board. >>> and now, what's being called a slap in the face for american taxpayers. is it really possible that the insurance goliath aig may sue the u.s. government, less than five years after taxpayers saved the insurance company from...
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. >>> there's a bad dream for boeing this morning. another 787 dreamliner jets had a problem. this time, a fuel leak. it was the second incident for the dreamliner in as many days at boston's logan airport. on monday, a fire started in a battery on a japan airlines jet while it was being readied for another flight. iceland air confirmed it had to restrain a passenger because he was hitting people, screaming profanities and spitting. you might remember there was a spill picture of the guy last week. now, this cell phone video has surfaced. passengers claim the man had drunken an entire bottle of duty-free liquor. he was met by police when the plane landed in new york. >>> on capitol hill, the new question may be how low can it go? meaning how far can public opinion of congress continue to sink? 9% of people in a new national survey had a favorable view of congress. and the public policy poll put lawmakers up against notoriously negative things. and found that congress is less popular, less popular, than cockroaches, traffic jams, root canals, even lice. >> my, my. >> man. >>> t
. >>> there's a bad dream for boeing this morning. another 787 dreamliner jets had a problem. this time, a fuel leak. it was the second incident for the dreamliner in as many days at boston's logan airport. on monday, a fire started in a battery on a japan airlines jet while it was being readied for another flight. iceland air confirmed it had to restrain a passenger because he was hitting people, screaming profanities and spitting. you might remember there was a spill picture of the...
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so the faa is responding to that series of technical setbacks to the boeing 787 dream liner. what are they looking for? >> alex, the dream liner debuted in 2011. and with it debut it was wrought with problems. right now the faa is looking at all aspects of this 787, but mostly the electronic cal component of it. now when they opened up the investigation boeing said they were happy to have them look at these flights. but this came just after this week where three different planes were grounded because of all these different problems. now, when this news broke, boeing was fine with it but the investors were really actually very jittery. the stock dropped about 5% which equalled about $3 billion in losses. >> that is a big loss. what about this new survey which says about a third of universities expect to either decline or grow slower than inflation when it comes to tuition. does that mean parents should start celebrating this? >> parents should start celebrating just yet. really what's going on is that the desire to go to a four-year college is starting to drop. and rightly so.
so the faa is responding to that series of technical setbacks to the boeing 787 dream liner. what are they looking for? >> alex, the dream liner debuted in 2011. and with it debut it was wrought with problems. right now the faa is looking at all aspects of this 787, but mostly the electronic cal component of it. now when they opened up the investigation boeing said they were happy to have them look at these flights. but this came just after this week where three different planes were...
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japan's all nippon airways will start service between the two cities using the boeing 787 dreamliner plane. service will start off at five days a week and over the summer, it will shift to seven days a week a lot of silicon valley tech company does business in japan and they have been lobbying for this non-stop service from mineta since american canceled its direct service back in 2006. by the way, we checked the airline's web page this morning, friday's flight, the first one, already sold out. >>> members of some bay area churches say they are upset with the sunday switch they never saw coming. san francisco has started enforcing parking meters on sunday sundays from sunday. it means an extra $2 million a year for the transit agency but some say it is at the expense of the community. >> we like to hang around, our kids play with the other kids we have coffee, we chat and hurts the community feel if we are watching our watches if we think we hope the sermon doesn't go overtime so we can avoid getting a ticket. small business owners are concerned, saying it will drive people to shop i
japan's all nippon airways will start service between the two cities using the boeing 787 dreamliner plane. service will start off at five days a week and over the summer, it will shift to seven days a week a lot of silicon valley tech company does business in japan and they have been lobbying for this non-stop service from mineta since american canceled its direct service back in 2006. by the way, we checked the airline's web page this morning, friday's flight, the first one, already sold out....
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. >>> those troubled boeing 787s have more problems of a potential brake problem canceled a dream liner flight in japan yesterday. that's three mechanical issues in just two days for the new 787s. and it's the latest in a string of glitches that have hit the high-profile airplane since its debut. the other problems this week, a fuel leak and electrical fire. >>> the 787 dreamliner is scheduled to land at mineta international airport tomorrow part of the all nippon airways new nonstop service between san jose and tokyo. a sleek new airport amenity will greet the passengers in san jose. it's a spacious vip lounge called the club at sjc. it's the third floor room with a runway view and a cost of 35 bucks a day. >> our airport until these recent changes has been a second class airport. it put us on the map. this type of amenity is what world class business travelers expect and demand. >> the city is still trying to get for flights and destinations back to the level it had 10 years ago. many carriers reduced flights after 9/11 during the recession and during the major construction project at
. >>> those troubled boeing 787s have more problems of a potential brake problem canceled a dream liner flight in japan yesterday. that's three mechanical issues in just two days for the new 787s. and it's the latest in a string of glitches that have hit the high-profile airplane since its debut. the other problems this week, a fuel leak and electrical fire. >>> the 787 dreamliner is scheduled to land at mineta international airport tomorrow part of the all nippon airways new...
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the chairman from boeing likes to say, every time a boeing plane land somewhere in the world, there are 11,000 suppliers landing as well. we want to get the risk down, the certainty up, and have a predictable stable highly competitive environment from which to go out and compete around the world and win. host: one thing we heard leading up to discussions late last year is that some type of certainty was needed from decisions made. did the people you represent find the certainty? guest: there is some of it. much is to be done because long-term overhang is still serious. nobody believes that our current spending course is sustainable. we have made promises that cannot be paid for. maybe not tomorrow or five years from now, but down the road changes need to be made. you're seeing this at the state level where governors and in both parties and legislative bodies are coming together. watch illinois right now, they are struggling with their pension debt, but at the national level we have not had the success yet that some of the states of had. host: looking at spending federally, what has to b
the chairman from boeing likes to say, every time a boeing plane land somewhere in the world, there are 11,000 suppliers landing as well. we want to get the risk down, the certainty up, and have a predictable stable highly competitive environment from which to go out and compete around the world and win. host: one thing we heard leading up to discussions late last year is that some type of certainty was needed from decisions made. did the people you represent find the certainty? guest: there is...
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>>> boeing says it will define the future of air travel. but so far the company's brand-new 787 dreamliner is making most of its headlines for all these mechanical problems, ie, just today, just a couple of hours ago, this japan airlines 787 was preparing to depart boston when it started leaking fuel. that flight had to be canceled, and just yesterday, same airport, same airline, small fire broke out at another japan airlines 787, half an hour after landing from the long flight in from tokyo. all passengers and crew had already left the plane. but let's talk about this with richard quest there for us in london. richard, time after time, what's going on? >> well, boeing will say that these are the sort of glitches that happen with any new aircraft. and that they are -- that the 787, the dreamliner is the most technologically advanced, uses carbon fibers, it is totally new aircraft, absolutely state of the art, and that's what you expect. it has a 20% lower fuel burn rate. and this is the sort of thing that happens with major new projects. bu
>>> boeing says it will define the future of air travel. but so far the company's brand-new 787 dreamliner is making most of its headlines for all these mechanical problems, ie, just today, just a couple of hours ago, this japan airlines 787 was preparing to depart boston when it started leaking fuel. that flight had to be canceled, and just yesterday, same airport, same airline, small fire broke out at another japan airlines 787, half an hour after landing from the long flight in from...
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. >>> and two boeing 787s run into trouble on consecutive days. so what's going on now the dreamliner? >> every new airplane has growing pains especially those that kind of push the edge of the envelope in technology. >> we'll hear from captain sully sullenberger and ask peter greenberg why bad things keep happening to the 787 on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by h&r block, come see what our expertise can make. i will give you a tax and health care review. is ♪ ♪ chili's lunch combos starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. ♪ ♪ [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. [ male announcer ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillat
. >>> and two boeing 787s run into trouble on consecutive days. so what's going on now the dreamliner? >> every new airplane has growing pains especially those that kind of push the edge of the envelope in technology. >> we'll hear from captain sully sullenberger and ask peter greenberg why bad things keep happening to the 787 on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by h&r block, come see what our...
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boeing says it welcomes the review. they are sweet, no question about it but at $200 million a pop, boeing has 800 of the planes on order from airlines. now mechanical glitches since its debut in 2011. safety comes first in the industry but rosts come second. if any airlines stt pulling orders, boeing will be in trouble with. new airplane programs usually have issues in the first coup of years, bottom line is transportation security secretary ray lahood says this plane is safe to fly. let's hope he's right. what's your take on the dreamliner or anything else we've talked about? got any responses to matt tee tie ebeor maybe washington's intransigence has got you angry? finds me on facebook. tweet meet my handle is @ali velshi. hanks for joining the conversation this week on "your money." we're hear every saturday 1:00 p.m. eastern and weekdays at 3:30. 3:30. have a great weekend. -- captions by vitac -- www.vitac.com >>> it's 2:00 p.m. in the east coast, 11:00 a.m. in the west. thank you very much for joining us. i marti
boeing says it welcomes the review. they are sweet, no question about it but at $200 million a pop, boeing has 800 of the planes on order from airlines. now mechanical glitches since its debut in 2011. safety comes first in the industry but rosts come second. if any airlines stt pulling orders, boeing will be in trouble with. new airplane programs usually have issues in the first coup of years, bottom line is transportation security secretary ray lahood says this plane is safe to fly. let's...
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dan springer with more. >> even more bad news for boeing and for people who fly those planes. as we're waiting for an update from the national transportation safety board on where this fire investigation is going, a different 787 had a fuel leak at logan international as it was preparing for takeoff just a short time ago. we're told about 40 gallons leaked. the plane is being towed back to the gate for evaluation. the last word we got is passengers are still on board flight 007 was headed for tokyo. now, yesterday's fire happened after a lithium battery apparently overheated in the rear underbelly of a dreamliner that had just completed a flight from tokyo to boston. all the passengers and crew were off the plane when smoke in the cabin was discovered by a maintenance worker. the battery that caught fire is the one that powers the plane when the engines are off. had it occurred in flight, it could have been disaster. it adds to a list of problems with the boeing dreamliner, a major fire during a 2010 test flight. in december there were three less serious electrical problems, o
dan springer with more. >> even more bad news for boeing and for people who fly those planes. as we're waiting for an update from the national transportation safety board on where this fire investigation is going, a different 787 had a fuel leak at logan international as it was preparing for takeoff just a short time ago. we're told about 40 gallons leaked. the plane is being towed back to the gate for evaluation. the last word we got is passengers are still on board flight 007 was headed...
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. >>> the faa is ordering a full safety review of boeing's troubled 787 dreamliner. transportation secretary ray lahood confirmed it in the past hour. >> we are concerned about recent events involving boeing 787, that's why today we are announcing that we are conducting a comprehensive review of the design and production of the boeing 787. >> now the review was announced a few hours after two new incidents involving the high-tech jet, a crack was found in the cockpit windshield of an all nippon airways 787 in japan and oil found in the engine of an all nion air. also a fuel spill and cabin fire. the head of the faa still believes the 787 is safe and boeing says it is confident in the jet's design and performance. >>> president obama sbre deuced white house chief of staff jack lew as his choice as treasury secretary. the president has been criticized for nominating another white man. we heard comments from new york congressman charlie rangel and new hampshire senator jeanne shaheen. >> it's embarrassing as hell and i kind of think there's no excuse when it's his secon
. >>> the faa is ordering a full safety review of boeing's troubled 787 dreamliner. transportation secretary ray lahood confirmed it in the past hour. >> we are concerned about recent events involving boeing 787, that's why today we are announcing that we are conducting a comprehensive review of the design and production of the boeing 787. >> now the review was announced a few hours after two new incidents involving the high-tech jet, a crack was found in the cockpit...
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. >>> it's been a rough week for boeing's newest jet. today a 787 dreamliner flight is canceled for an error message about the plane's brakes. on monday, a japanese airline, a 787, caught fire at boston's logan airport. the fire started in the battery compartment. no one was on board. and then on tuesday, another japanese airliner 787 was canceled, this time because of a fuel leak. >> hey, that japan air may know it, but they've got fuel or something spilling out the outboard left wing there quite a bit. >> sandra endo joins us now from washington. tell us more about these incidents. they're now under investigation, right? >> well, carol, the string of irregularities for boeing's marquee plane, the 787 dreamliner, is certainly a concern for the manufacturer. the plane is the first commercial airliner to be made mostly of carbon composites, or plastic, which means it's a lighter plane that boeing says uses less fuel than conventional airliners. well, boeing says it is working with ntsb investigators, looking into monday's fire on a japan
. >>> it's been a rough week for boeing's newest jet. today a 787 dreamliner flight is canceled for an error message about the plane's brakes. on monday, a japanese airline, a 787, caught fire at boston's logan airport. the fire started in the battery compartment. no one was on board. and then on tuesday, another japanese airliner 787 was canceled, this time because of a fuel leak. >> hey, that japan air may know it, but they've got fuel or something spilling out the outboard...
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at logan airport, it is another blow to boeing after a string of problems with the airline's engines and electrical systems. we have college kids full of themselves. stuart: cote, which i call democratic luxury, apparently that stock is up today. how big? nicole: stock is looking good on a day when retailers are next. coach is one of the stellar performers over 3%. some of the analysts are raving their estimates for the latest quarter. that is some good news. also just looked up the analyst reports about 26 have buy ratings, had tolds and not many sell. there's a lot of talk and this is stuff that really has been beaten down. it has some room to the upside. stuart: 57 coach. a new study says college students are more and titles, they feel themselves more in title than ever. very high opinion of themselves. they expect more even though they haven't achieved anything significant yet. they're still in charge -- in college. charlie kirk from turning point usa is here. the study says that high opinion of themselves, full of themselves, pretty good academically, they are full of themselves
at logan airport, it is another blow to boeing after a string of problems with the airline's engines and electrical systems. we have college kids full of themselves. stuart: cote, which i call democratic luxury, apparently that stock is up today. how big? nicole: stock is looking good on a day when retailers are next. coach is one of the stellar performers over 3%. some of the analysts are raving their estimates for the latest quarter. that is some good news. also just looked up the analyst...